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Based on a recursive forecasting approach, this research studies whether macro- economic factors help to forecast … included in the optimal forecasting model, that their relative importance often differs from their importance for forecasting a … broad stock-market index, and that their informational content for forecasting excess returns seems to undergo temporal …
Persistent link: https://www.econbiz.de/10010927776
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In this study, we intend to highlight the interaction between the decisions of the central banking concerning the fulfillment of the two main objectives: price stability and financial stability, as well as the effects of such decisions upon the economy. We suggest that central banks should be...
Persistent link: https://www.econbiz.de/10005417641
When speculative price bubbles on real estate markets burst, the results are often distortions in the real economy, associated with substantial losses in production and employment. This paper discusses the degree to which institutional frameworks can prevent speculative bubbles from forming and...
Persistent link: https://www.econbiz.de/10011128323
Risks are emerging in the real estate sector in Europe and the authorities have taken macroprudential measures to contain them. This paper reviews the main measures that have been or are being adopted in a number of European countries, and analyzes the main issues concerning the choice and the...
Persistent link: https://www.econbiz.de/10011100381
Governance has been identified as a key determining variable capable of influencing the performance of any economy activity. On this note, the study undertakes to investigate the relationship between governance and the real estate markets performance in Nigeria. The study employs ARDL...
Persistent link: https://www.econbiz.de/10011105333
In 1997/98, real estate prices in Italy began to rise rapidly. However, far from being just an Italian phenomenon, similar rises in price concerned almost all developed countries. The drastic decrease in real interest rates and the considerable liquidity available have been identified as the...
Persistent link: https://www.econbiz.de/10011157536
В статье выявляются институциональные ограничения и риски развития ипотечного кредитования на российском рынке, среди которых выделяются непрозрачность...
Persistent link: https://www.econbiz.de/10011220116